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MIRA INFORM REPORT
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Report No. : |
498993 |
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Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
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Name : |
SAISONS TRADE AND INDUSTRY PRIVATE LIMITED (w.e.f. 07.03.2017) |
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Formerly Known
As : |
SAISONS TECHNOCOM PRIVATE LIMITED (w.e.f. 04.08.2010) SAISONS COMMUNICATIONS PRIVATE LIMITED |
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Registered
Office : |
Unit No. 416/C, B-Wing, 4th Floor, Dattani
Plaza, Safed Pool, Sakinaka Junction, Andheri (East), Mumbai – 400072,
Maharashtra |
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Tel. No.: |
91-22-66989999 / 28839977 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
23.09.1999 |
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Com. Reg. No.: |
11-121908 |
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Capital
Investment / Paid-up Capital : |
INR 187.837 Million |
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CIN No.: [Company Identification
No.] |
U32200MH1999PTC121908 |
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IEC No.: |
0300060351 |
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GST No.: |
27AAECS9019E1ZB |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAECS9019E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· Manufacturer and Exporter of Fabrication Parts, Electrical Panel, Fire Fighting Equipment’s, Telecom Products, Wire Harnessing, Bio Toilet, Air O Water Module Assembly, Organic and Inorganic Chemical, MS Plate and Steel, Ferrous and Non-ferrous Items. [Registered and also Confirmed by management] |
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No. of Employees
: |
220 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1999. It is manufacturer and exporter of fabrication parts, electrical panel, fire-fighting equipment, telecom products, etc.
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
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Rating |
Long-term bank facilities = B+ |
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Rating Explanation |
Risk-prone-credit-quality and carries very high credit risk. |
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Date |
16.03.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 22.03.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Ashish Parkar |
|
Designation : |
Chief Finance Officer |
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Contact No.: |
91-9664405001 |
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Date : |
21.03.2018 |
LOCATIONS
|
Registered Office / Head Office : |
Unit No. 416/C, B-Wing, 4th Floor, Dattani
Plaza, Safed Pool, Sakinaka Junction, Andheri (East), Mumbai – 400072,
Maharashtra, India |
|
Tel. No.: |
91-22-66989999 |
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Mobile No.: |
91-9892207997 (Mr. Siddharth Chimanlal Shah) 91-9664405001 (Mr. Ashish Parkar) |
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Fax No.: |
91-22-28839977 |
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E-Mail : |
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Website : |
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Area : |
2500 sq. ft. |
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Location : |
Owned |
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Locality : |
Commercial |
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Factory : |
Arham Logiparc, Building No. B7, Unit No. 1, 2 & 3, Mumbai Nashik
By-Pass Road, Village Vaishind Tal. Bhivandi, Dist. Thane – 421302,
Maharashtra, India |
|
Area : |
30000 sq. ft. |
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Location : |
Rented |
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Locality : |
Industrial |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Siddharth Chimanlal Shah |
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Designation : |
Director |
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Address : |
5, Kalyani, N.S. 4th Road, JVPD Scheme, Vile Parle (West),
Mumbai – 400056, Maharashtra, India |
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Date of Birth/Age : |
06.09.1979 |
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Qualification : |
B.E. Electronics |
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Experience : |
18 Years |
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Date of Appointment : |
23.09.1999 |
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DIN No.: |
01343122 |
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Other Directorship:
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Name : |
Mr. Ankit Vinay Shah |
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Designation : |
Director |
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Address : |
Flat No. 6, Kalyani Building, 1st Floor, NS 4th Road, JVPD
Scheme, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
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Date of Birth/Age : |
09.08.1985 |
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Qualification : |
B.E. Electronics |
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Experience : |
11 Years |
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Date of Appointment : |
18.01.2006 |
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DIN No.: |
02495202 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Ashish Parkar |
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Designation : |
Chief Finance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2016
|
Names of Shareholders |
No. of Shares |
% age holding |
|
Siddharth C Shah |
14090000 |
75.01 |
|
Ankit V Shah |
1100000 |
5.86 |
|
Anhita Financial Services (Bombay) Private Limited |
1554100 |
8.27 |
|
Fish Capital Service Private Limited |
1359600 |
7.24 |
|
Accent Exim Private Limited |
680000 |
3.62 |
|
Total |
18783700 |
100.00 |
AS ON: 21.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
80.87 |
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Promoters (Body corporate) |
19.13 |
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|
|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturer and Exporter of Fabrication Parts, Electrical Panel, Fire Fighting Equipment’s, Telecom Products, Wire Harnessing, Bio Toilet, Air O Water Module Assembly, Organic and Inorganic Chemical, MS Plate and Steel, Ferrous and Non-ferrous Items. [Registered and also Confirmed by management] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Part of Fabrication |
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Countries : |
· UAE · Hong Kong · Singapore · Australia |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash, Advance Payment, Cheque and Credit [30/ 60/ 180] |
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Purchasing : |
Cash, Advance Payment, Cheque and Credit [30/ 60/ 180] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
220 [Approximately] |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Nimesh Soda and Company Chartered Accountants |
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Address : |
Office No. 44, Welfare Chambers, Co-Operative Housing Society,
Opposite SSC Board Office, Sector 17, Vashi, Navi Mumbai – 400703,
Maharashtra, India |
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Tel. No.: |
91-9167887009 / 9619227007 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AMEPS0986R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18783700 |
Equity Shares |
INR 10/- each |
INR 187.837
Million |
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|
|
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
187.837 |
187.837 |
100.000 |
|
(b) Reserves & Surplus |
142.918 |
128.701 |
113.388 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
330.755 |
316.538 |
213.388 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
245.539 |
169.352 |
104.341 |
|
(b) Deferred tax liabilities (Net) |
28.228 |
18.355 |
14.618 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
55.569 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
329.336 |
187.707 |
118.959 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
563.579 |
440.592 |
383.297 |
|
(b)
Trade payables |
305.801 |
253.251 |
241.541 |
|
(c)
Other current liabilities |
26.042 |
26.846 |
23.662 |
|
(d)
Short-term provisions |
6.385 |
4.655 |
6.326 |
|
Total
Current Liabilities (4) |
901.807 |
725.344 |
654.826 |
|
|
|
|
|
|
TOTAL |
1561.898 |
1229.589 |
987.173 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
214.204 |
155.168 |
113.719 |
|
(ii)
Intangible Assets |
8.375 |
9.687 |
10.999 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
24.583 |
0.954 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
247.162 |
165.809 |
124.718 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
473.831 |
373.081 |
392.430 |
|
(c)
Trade receivables |
739.797 |
488.050 |
400.880 |
|
(d)
Cash and cash equivalents |
42.551 |
29.633 |
28.405 |
|
(e)
Short-term loans and advances |
58.557 |
173.016 |
39.849 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.891 |
|
Total
Current Assets |
1314.736 |
1063.780 |
862.455 |
|
|
|
|
|
|
TOTAL |
1561.898 |
1229.589 |
987.173 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
3029.792 |
2419.488 |
1580.272 |
|
|
|
Other Income |
6.138 |
25.010 |
2.677 |
|
|
|
TOTAL |
3035.930 |
2444.498 |
1582.949 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2837.978 |
2305.124 |
1449.208 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(22.167) |
(33.355) |
(6.678) |
|
|
|
Employees benefits expense |
24.084 |
24.873 |
14.222 |
|
|
|
Software development Charges |
4.306 |
6.017 |
0.000 |
|
|
|
Extraordinary Items |
0.000 |
0.043 |
1.046 |
|
|
|
Prior period items |
0.000 |
0.000 |
0.382 |
|
|
|
Other expenses |
26.143 |
29.595 |
27.435 |
|
|
|
TOTAL |
2870.344 |
2332.297 |
1485.615 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
165.586 |
112.201 |
97.334 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
120.821 |
80.917 |
65.636 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
44.765 |
31.284 |
31.698 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.841 |
7.730 |
8.092 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
29.924 |
23.554 |
23.606 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
15.707 |
8.242 |
7.723 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
14.217 |
15.312 |
15.883 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
0.99 |
1.53 |
0.85 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
6.878 |
5.010 |
9.267 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
NA |
54.622 |
24.652 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
NA |
62.864 |
24.652 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
89.12 |
73.63 |
92.59 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.10 |
4.96 |
3.94 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
39.33 |
40.10 |
60.83 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.35 |
0.30 |
0.25 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.74 |
0.68 |
0.78 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.74 |
0.73 |
0.78 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.47 |
1.94 |
2.33 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.73 |
2.29 |
3.07 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.67 |
0.52 |
0.58 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.37 |
1.39 |
1.48 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.47 |
0.63 |
1.01 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.91 |
1.25 |
1.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.30 |
4.84 |
7.44 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.46 |
1.47 |
1.32 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.93 |
0.95 |
0.72 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.21 |
0.26 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.34 |
3.27 |
4.97 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.46 |
1.47 |
1.32 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
100.000 |
187.837 |
187.837 |
|
Reserves & Surplus |
113.388 |
128.701 |
142.918 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
213.388 |
316.538 |
330.755 |
|
|
|
|
|
|
long-term borrowings |
104.341 |
169.352 |
245.539 |
|
Short term borrowings |
383.297 |
440.592 |
563.579 |
|
Current Maturities of Long
term debt |
9.267 |
5.010 |
6.878 |
|
Total
borrowings |
496.905 |
614.954 |
815.996 |
|
Debt/Equity
ratio |
2.329 |
1.943 |
2.467 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1580.272 |
2419.488 |
3029.792 |
|
|
|
53.106 |
25.225 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1580.272 |
2419.488 |
3029.792 |
|
Profit |
15.883 |
15.312 |
14.217 |
|
|
1.01% |
0.63% |
0.47% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G75268045 |
100151337 |
DENA BANK |
10/01/2018 |
- |
- |
616000.0 |
DENA BANK
HOUSE31/33AMBALAL DOSHI MARGMUMBAIMH400023IN |
|
2 |
G75268441 |
100151338 |
DENA BANK |
10/01/2018 |
- |
- |
840000.0 |
DENA BANK
HOUSE31/33AMBALAL DOSHI MARGMUMBAIMH400023IN |
|
3 |
G75269118 |
100151340 |
DENA BANK |
10/01/2018 |
- |
- |
263000.0 |
DENA BANK HOUSE31/33AMBALAL
DOSHI MARGMUMBAIMH400023IN |
|
4 |
G75267575 |
100151341 |
DENA BANK |
10/01/2018 |
- |
- |
433000.0 |
DENA BANK
HOUSE31/33AMBALAL DOSHI MARGMUMBAIMH400005IN |
|
5 |
G76649789 |
100154327 |
DENA BANK |
01/01/2018 |
- |
- |
1556000.0 |
DENA BANK
HOUSE31/33AMBALAL DOSHI MARGMUMBAIMH400023IN |
|
6 |
G44472850 |
100105725 |
CATALYST
TRUSTEESHIP LIMITED |
08/03/2017 |
- |
- |
50000000.0 |
GDA HOUSE, FIRST
FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT),
KOTHRUDPUNEMA411038IN |
|
7 |
G41541582 |
100091343 |
THE ZOROASTRIAN
CO-OPERATIVE BANK LIMITED |
16/01/2017 |
- |
- |
1400000.0 |
FORT BRANCH, YUSUF
BUILDING, GROUND FLOOR,VEER NARIMAN ROAD, FORTMUMBAIMH400001IN |
|
8 |
G33876699 |
100073311 |
SBI GLOBAL FACTORS
LIMITED |
26/12/2016 |
- |
- |
80000000.0 |
6TH FLOOR,
METROPOLITAN BUILDING, BANDRA-KURLACOMPLEX, BANDRA(EAST)MUMBAIMA400051IN |
|
9 |
G04113197 |
100028258 |
CAPRI GLOBAL
CAPITAL LIMITED |
04/05/2016 |
- |
- |
16000000.0 |
1-B,COURT CHAMBERS,
35, SIR VITHALDAS THACKERSEY MNEW MARINE LINESMUMBAIMA400020IN |
|
10 |
G73196040 |
100025963 |
THE ZOROASTRIAN
CO-OPERATIVE BANK LIMITED |
21/03/2016 |
06/11/2017 |
- |
150000000.0 |
FORT BRANCH,YUSUF
BUILDINGVEER NARIMAN ROAD,MUMBAI |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From director, relative and others |
170.176 |
157.719 |
|
Long term maturities - Debenture |
50.000 |
0.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans (Bills
Discounting) |
|
|
|
From Other-DCB Bank |
33.345 |
34.383 |
|
From other-Tata Capital Financial Services Limited |
0.000 |
15.443 |
|
From Other-SBI Global Factors Limited |
77.387 |
0.000 |
|
|
|
|
|
Total |
330.908 |
207.545 |
FINANCIAL REVIEW
The company is engaged in the business of Electrical Panel, telecom
panel fire panel, fabrication, MCC panels, breaker panels, distribution box, ODU
networking and IT solutions, organic and inorganic chemicals, power cables,
telecom cables, furniture, airowater and bio toilets.
The company is expecting new business opportunities with diversified
products line in automation, electrical, telecom, power and networking and IT
solutions.
FIXED ASSETS:
· Land Freehold Leasehold
· Building
· Plant and Equipment
· Office Equipment
· Vehicles
· Computer
· Furniture and Fixture
· Office Premises
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.22 |
|
UK Pound |
1 |
INR 91.33 |
|
Euro |
1 |
INR 79.96 |
INFORMATION
DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and opera tions size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.